Ashurst and Clifford Chance (CC) have picked up key roles on the AED3bn (£505m) debt restructuring of Middle Eastern jewellery manufacturer and retailer Damas International.
Ashurst won a first-time appointment to advise Damas on the restructuring, fielding a team led by City finance partner Martyn Rogers (pictured), who headed a team of associates across London and the Middle East including Dubai senior associates Aaron Lee and Chris Young and City senior associate Adair Gordon-Orr.
CC acted for around 25 banks involved in the restructuring including Standard Chartered, Royal Bank of Scotland, HSBC and the Emirates National Bank of Dubai.
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